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Natural Gas May 23 (NG=F)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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2.1660+0.0620 (+2.95%)
As of 04:59PM EDT. Market open.
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Pre. SettlementN/A
Settlement date2023-04-26
Last price2.1040
Day's range2.0740 - 2.2410

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    Natural gas down almost 4% on smaller-than-expected storage draw

    U.S. natural gas prices fell 4% Thursday, reaching once again for a test of the critical $2 support, after weekly draw numbers for the fuel from storage turned out to be smaller than thought. Utilities pulled 47 billion cubic feet of natural gas from storage for heating and electricity generation last week, lower than the 54 bcf anticipated by industry analysts, the Energy Information Administration, or EIA, said. The weaker-than-forecast withdrawal left 1.853 trillion cubic feet, or tcf, of gas in U.S. inventory, the EIA said in its report on gas storage balance for the week ended March 24.